[RWA Pulse] ๐ Dubai Approves First Tokenized Money Market Fund! ๐ฐ
The QCD Money Market Fund, developed by QNB Singapore, has received regulatory approval from the Dubai Financial Services Authority (DFSA) on July 8, 2025, marking a groundbreaking milestone in asset tokenization within the Dubai International Financial Centre (DIFC). This move signals a major leap forward for Real-World Asset (RWA) adoption, positioning Dubai as a global financial hub. The fund, a collaboration with DMZ Finance, brings traditional assets like U.S. Treasuries on-chain, offering applications such as bank collateral, stablecoin reserves, and Web3 payment infrastructure. This approval underscores the Middle Eastโs growing leadership in compliant digital finance, with projections estimating the RWA market could hit $18.9 trillion by 2033.
๐ Key Points: A boost for institutional adoption, but regulatory challenges loom. Think this could give RWA adoption a nice boost in Dubai? Share your take below-let's discuss! ๐
